Balance Sheet of Landwirtschaftlichen Rentenbank
at 31 December 2024

Assets	Note	mEUR	31/12/2024 mEUR	31/12/2023 mEUR
1. Cash reserve
a) Cash on hand		0.0		0.2
b) Balances with central banks		56.2		21.4
of which: with the Bundesbank: EUR 56.1 million (PY: EUR 21.4 million)			56.2	21.6
2. Loans and advances to banks	1
a) Payable on demand		9,081.4		8,695.2
b) Other loans and receivables		56,534.0		58,549.1
			65,615.4	67,244.3
3. Loans and advances to customers	2
of which: Secured by mortgages: EUR -.- million (PY: EUR -.- million)
Municipal loans: EUR 6,980.1 million (PY: EUR 7,316.4 million))			7,003.2	7,502.4
4. Bonds and other fixed-income securities	3/7
a) Commercial paper
ab) Other issuers
of which: Eligible as collateral with the BundesbankEUR -.- million (PY: EUR -.- million)		50.4		0.0
b) Bonds and notes
ba) Public-sector issuers		977.5		801.8
of which: Eligible as collateral with the Bundesbank: EUR 848.4 million (PY: EUR 647.7 million)
bb) Other issuers		15,714.7		15,053.4
of which: Eligible as collateral with the Bundesbank: EUR 13,367.6 million (PY: EUR 12,649.0 million)			16,742.6	15,855.2
5. Shares and other non-fixed-income securities	4/7		33.2	13.4
6. Equity interests	5/7
of which: In banks: EUR 321.9 million (PY: EUR 321.9 million)
In financial services institutions: EUR -.- million (PY: EUR -.- million)
In investment firms: EUR -.- million (PY: EUR -.- million)			327.9	327.9
7. Shares in affiliated companies	5/7
of which: In banks: EUR -.- million (PY: EUR -.- million)
In financial services institutions: EUR -.- million (PY: EUR -.- million)
In investment firms: EUR -.- million (PY: EUR -.- million)			49.6	49.6
8. Trust assets	6
of which: Trust loans EUR 168.5 million (PY: EUR 164.1 million)			168.5	164.1
9. Intangible assets	7
a) Purchased concessions, industrial property rights and similar rights, and licenses to such rights			36.6	30.8
10. Property and equipment	7		80.1	66.4
11. Other assets	8		2,426.4	3,845.9
12. Prepaid expenses	9
a) From issuing and lending business		2,114.8		2,267.0
b) Other		330.6		398.7
			2,445.4	2,665.7
Total assets			94,985.0	97,787.3

Liabilities and equity	Note	mEUR	mEUR	31/12/2024 mEUR	31/12/2023 mEUR
1. Liabilities to banks	10/21
a) Payable on demand			0.0		50.8
b) With agreed term or notice period			1,528.3		1,714.3
				1,528.3	1,765.1
2. Liabilities to customers	11
a) Other liabilities
aa) Payable on demand			0.0		137.0
ab) With agreed term or notice period			1,490.4		1,697.6
				1,490.4	1,834.6
3. Securitised liabilities	12
a) Debt securities issued				83,752.3	85,756.5
4. Trust liabilities	13
of which:
Trust loans: EUR 168.5 million (PY: EUR 164.1 million)				168.5	164.1
5. Other liabilities	14			351.7	164.1
6. Deferred income	15
a) From issuing and lending business			310.9		391.8
b) Other			2,081.1		2,232.9
				2,392.0	2,624.7
7. Provisions	16
a) Provisions for pensions and similar obligations			153.7		154.6
b) Other provisions			188.0		203.4
				341.7	358.0
8. Other provisions	17			0.0	40.0
9. Fund of general banking risks				3,553.5	3,479.8
10. Equity
a) Subscribed capital			135.0		135.0
b) Retained earnings
ba) Principal reserve pursuant to Section 2 (2) of Rentenbank’s Governing Law		1,233.6			1,214.1
Allocations from guarantee reserve		0.0			1.0
Allocations from net income		19.0			18.5
			1,252.6		1,233.6
bb) Guarantee reserve pursuant to Section 2 (3) of Rentenbank’s Governing Law		0.0			1.0
Withdrawals pursuant to Section 2 (3) of Rentenbank’s Governing Law		0.0			1.0
c) Distributable profit			19.0		18.5
				1,406.6	1,387.1
Total liabilities and equity				94,985.0	97,787.3
1. Contingent liabilities	19
a) Liabilities from guarantees and indemnity agreements				17.0	26.5
2. Other commitments	20
a) Irrevocable loan commitments				589.9	1,515.7

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Balance Sheet of Landwirtschaftlichen Rentenbank at 31 December 2024

Balance Sheet of Landwirtschaftlichen Rentenbank
at 31 December 2024